Vincentown, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Vincentown, NJ Real Estate Data


Vincentown Housing Market Information

With a population of 23,725, 1,998 total housing units (homes and apartments), and a median house value of $292,531, Vincentown real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Vincentown, accounting for 91.74% of the town's housing units. Other types of housing that are prevalent in Vincentown include mobile homes or trailers ( 5.78%), duplexes, homes converted to apartments or other small apartment buildings ( 1.16%), and a few row houses and other attached homes ( 1.12%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Vincentown. Owner-occupied housing accounts for 93.65% of Vincentown's homes, and 69.09% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Vincentown built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Vincentown built between 1940-1969 ( 19.89%). A lesser amount of the housing stock also hails from before 1939 ( 7.13%). There's also some housing in Vincentown built between 2000 and later ( 5.75%).

Vincentown Home Appreciation Rates

Vincentown's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Vincentown during the period has been just -1.96%, which is lower than 80% of US communities.

Over the last year, Vincentown appreciation rates have trailed the rest of the nation. In the last twelve months, Vincentown's appreciation rate has been 3.32%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Vincentown were at 1.89%, which equates to an annual appreciation rate of 7.76%.

Relative to New Jersey, our data show that Vincentown's latest annual appreciation rate is lower than 70% of the other cities and towns in New Jersey.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Vincentown differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Vincentown - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Vincentown real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$292,531

Vincentown, NJ HOME PRICES

Value Range
> $1,067,000 0.7
$800,001 - $1,067,000 1.8
$533,001 - $800,000 5.2
$427,001 - $533,000 10.8
$320,001 - $427,000 24.0
$213,001 - $320,000 28.9
$107,001 - $213,000 16.8
$53,001 - $107,000 3.5
$0 - $53,000 8.2

Low for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
17.6026234116063 68.6991869918699

Number Of Homes And Apartments:
1,998

Rent & Ownership

 

Average Market Rent:
$1,392 / per month

Homeownership Rate

Homeownership
Owners 93.65
Renters 6.35
Vacant 5.48

Housing Market Details

 

Age of Homes

AGE OF Vincentown HOMES
2000 or Newer 5.8
1970 - 1999 67.2
1940 - 1969 19.9
1939 or Older 7.1

Types of Homes

TYPE OF Vincentown HOMES
Single-Family 91.7
Townhomes 1.1
Small Apt. Buildings 1.2
Apt. Complexes 0.2
Mobile Homes 5.8
Other 0.1

Home Size

SIZE OF Vincentown HOMES
No Bedroom 0.79
1 Bedroom 0.66
2 Bedrooms 23.14
3 Bedrooms 35.77
4 Bedrooms 33.32
5 or more bedrooms 6.30

Vincentown Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NJ*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
45.24% 2.22% 3 5
* 10 is highest